The company is a UK based multi$$national manufacturer whose shares and bonds trade on the London Stock Exchange. Its shares are a constituent of the FTSE All$$Share index.

Its policy is to remit all overseas cash flows back to the UK at the end of each year and it has historically

only accepted projects with a discounted payback

You have gathered the following data:

Earnings and dividend per share period of

Actual $5$ years or less.

Forecast

Forecast

Year end $30$th September $202320242025$

Earnings per share $($p$)49\mathrm{.}053\mathrm{.}458\mathrm{.}2$

Dividend per share $($p$)27\mathrm{.}029\mathrm{.}432\mathrm{.}0$

Equity capital

Number in issue $($million$)75$

Market price $($p$)760$ ex the final dividend of $20$ p

Beta value $1\mathrm{.}30$

Debt capital

Book value in issue $($ million$)50$

Market price $($ per $100$ nominal$)119\mathrm{.}50$ cum$$interest

Coupon $($paid semi$$annually$)6\mathrm{.}0\%$

Redeemable in $12$ years $3$ months

Months since last interest payment $3$

Other data

Prospective price earnings ratio of the FTSE All$$Share index $($x$)14\mathrm{.}0$

Prospective dividend yield of the FTSE All$$Share index $4\mathrm{.}0\%$

Forecast earnings $/$ dividend per share growth of the FTSE All$$Share index $5\%$ Prospective price earnings ratio $($x$)?$